Share: WTI prices trade in positive territory for the third consecutive day on Tuesday. Saudi Arabia is planning to prolong oil production cuts of 1 million barrels per day through next year. The concern about a slowing global economy outweighed the prospect of deepening supply cuts by OPEC+. Oil traders will focus on
Closing changes: Stoxx 600 +0.2% German DAX +0.3% UK FTSE 100 -0.6% French CAC -0.1% Italy MIB +0.7% Spain IBEX +0.4% On the week: Stoxx 600 +3.4% German DAX +3.8% UK FTSE 100 +1.5% French CAC +3.7% Italy MIB +5.1% Spain IBEX +4.2% It was a good week but it’s disappointing that European stocks couldn’t
The NASDAQ index is up 127 points or 1.0% at 12721.65, but this week saw a sharp move lower that took the price below its 200 day moving average for the 1st time since March 2023. The price also fell below the 38.2% retracement of the move up from the 2022 low to the 2023
Share: Gold price trades near $1,925 amid the mixed sentiment. The geopolitical tensions between Israel and Palestine boost the demand for XAU/USD. The upbeat US inflation report has prompted investors to price in a possible rate rise by the Federal Reserve (Fed). Investors will focus on the US Retail Sales, Chinese growth numbers,
It has been a poor month for gold but the technical picture shows that it could’ve been a whole lot worse. Gold is now trading back to around $1,923 but was close to around $1,885 at the lows this month – its lowest levels since March. Gold (XAU/USD) daily chart So, what does the technicals
